Future of Sports Utility Vehicles in the United States, 2016-2022
Future of Sports Utility Vehicles in the United States, 2016-2022
Socio-Economic and Political Influence Projected to Drive SUV Segment Market Share to 42% in the US by 2022
18-May-2017
North America
Description
SUVs in the US have been growing steadily since 2012 and have over taken passenger cars as the largest selling passenger vehicle segment in US in 2016. This recent spike in SUV sales has encouraged auto OEMs to capitalize on the demand and increase their SUV model line-up. Over 20 new SUV name plates across both luxury and non-luxury segments are expected to be introduced by 2022. By 2022, SUVs are expected to contribute over 42% of the overall passenger vehicles in the US by selling over 7.4 million units. The aim of this study is to highlight the sales trend of SUVs going forward and understand the factors socio-economic and political affecting SUV sales and their impact in the US.
Table of Contents
Growth Insight
Related Research
Strategic Analysis of WBG Semiconductors in Power Electronics Applications for EVs, Forecast to 2030
Popular Topics
No Index | No |
---|---|
Podcast | No |
Industries | Automotive |
WIP Number | 9832-00-86-00-00 |
Is Prebook | No |
GPS Codes | 9800-A6,9813-A6,9832-A6,9AF6-A6 |